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The landscape of social policy today is akin to an intricate puzzle, where the pieces of rising inequality, shifting political tides, dividing societies, globalization, and rapid technological growth rarely fit together seamlessly. The ongoing cost of living crisis and climate-related devastation in developing and small island states continue to deepen both economic and social divides. At the same time, much of the efforts to reduce poverty over the past decades has stalled or reversed, partly due to political instability, COVID-19 pandemic, climate change, and recent de-globalization trends, which have acted as barriers to further progress. The World Bank now projects that 622 million people will still be living in extreme poverty by 2030, underscoring a stagnation in global poverty reduction. Good Economics for Hard Times skilfully navigates this landscape by explaining the need for economists and policymakers to adapt social policies to the changing structure of the world’s economies.
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